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2022
Exports $26.7MWorld Rnk 11 / 97
Flag Rnk 596 / 1204
2022
Destination $1.54M United States
2021 - 2022
FASTEST GROWING MARKET $1.54MBrazil
2022
PRODUCT COMPLEXITY IN Glycosides0.054Rnk 532 / 1025
2022
Imports $69.4MWorld Rnk 8 / 163
Flag Rnk 591 / 1213
2022
Origin $7.03M China
2021 - 2022
FASTEST GROWING ORIGIN $7.03MChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

Exports In 2022, South Korea exported $26.7M in Glycosides, making it the 11th largest exporter of Glycosides in the world. At the same year, Glycosides was the 596th most exported product in South Korea. The main destination of Glycosides exports from South Korea are: United States ($6.57M), Mexico ($3.74M), Germany ($2.42M), Brazil ($2.2M), and Italy ($1.79M).

The fastest growing export markets for Glycosides of South Korea between 2021 and 2022 were Brazil ($1.54M), Indonesia ($1.33M), and Germany ($978k).

Imports In 2022, South Korea imported $69.4M in Glycosides, becoming the 8th largest importer of Glycosides in the world. At the same year, Glycosides was the 591st most imported product in South Korea. South Korea imports Glycosides primarily from: China ($52.1M), France ($3.89M), Spain ($2.87M), Denmark ($2.74M), and India ($1.73M).

The fastest growing import markets in Glycosides for South Korea between 2021 and 2022 were China ($7.03M), Denmark ($2.74M), and India ($845k).

Latest Trends

July 2024

About

Overview In July 2024 South Korea's Glycosides exports accounted up to $4.02M and imports accounted up to $6.09M, resulting in a negative trade balance of $2.07M. Between July 2023 and July 2024 the exports of South Korea's   Glycosides have increased by $2.62M (187%) from $1.4M to $4.02M, while imports increased by $2.04M (50.5%) from $4.04M to $6.09M.

Destinations In July 2024, Glycosides were exported mostly to United States ($1.34M), Singapore ($678k), Brazil ($603k), Indonesia ($381k), and Germany ($378k), and were imported mostly from China ($4.66M), France ($739k), India ($234k), Spain ($227k), and Japan ($57k).

Growth In July 2024, the increase in Glycosides's year-by-year exports was explained primarily by an increase in exports to United States ($536k or 101%), Mexico ($403k or 125%), and China ($250k or 1.32k%). In July 2024, the increase in Glycosides's year-by-year imports was explained primarily by an increase in imports from China ($306k or 8.66%), Japan ($15k or 9.09%), and Germany ($15k or 8.82%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$2.62M(187%)
IMPORT GROWTH (July 2023 - July 2024)$2.04M(50.5%)
MAIN DESTINATION (July 2024)United States$1.34M

This section shows Glycosides's exports and imports data at subnational level for South Korea. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Glycosides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.7M
IMPORTS (2022)$69.4M
NET TRADE (2022)-$42.7M

In 2022, South Korea exported $26.7M in Glycosides. The main destinations of South Korea exports on Glycosides were United States ($6.57M), Mexico ($3.74M), Germany ($2.42M), Brazil ($2.2M), and Italy ($1.79M).

In 2022, South Korea imported $69.4M in Glycosides, mainly from China ($52.1M), France ($3.89M), Spain ($2.87M), Denmark ($2.74M), and India ($1.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Glycosides EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Brazil$1.54M (236%)
Indonesia$1.33M (1.23k%)
Germany$978k (67.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Glycosides BY South Korea WERE (2021 - 2022):
France-$1.11M (-81.2%)
Singapore-$260k (-21.1%)
Japan-$228k (-11.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, South Korea's main exporting competitors in Glycosides were:
China $1.02B
France $171M
Malaysia $83.4M
In 2022, South Korea's main importing competitors in Glycosides were:
United States $383M
Hong Kong $158M
France $110M

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Trade Value of Glycosides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.1M
TOP IMPORT POTENTIALChina+ $2.49M

Glycosides’s highest export potential is United States. With an export gap of $1.1M.   Glycosides’s highest import potential is China with an import gap of $2.49M.

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